With more than 80% of the world's 6.5 billion people1 and significant spending on infrastructure, today's emerging markets are growing in size and stature. Since no economy can reach its full potential without strong credit markets, we believe that emerging markets debt is poised to play a critical role in supporting this rapid growth potential.
Source:IMF World Economic Outlook Database, April 2011
Emerging markets countries now offer greater fiscal stability than many developed markets. As a result, more countries are issuing debt in their local currency versus the US dollar or euro. In addition, we believe improving economic strength has the potential to support lower volatility in this asset class going forward.
GSAM has managed emerging markets debt since 1994 and local emerging markets debt for more than 10 years. With presence on four continents, our team bases security selection on in-depth research and ongoing risk management.
Please contact a Goldman Sachs relationship manager for more information